Compensation & Benefit Specialist

Paytm Labs; Dadri; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Paytm Labs is seeking a seasoned Compensation & Benefits specialist to lead benchmarking, policy design, and stock option administration. You will partner with HR Business Partners and senior leaders to deliver cost-efficient rewards programs across India, ensuring regulatory compliance and data-driven insights.

The role requires strong analytics (MS Excel), cross-functional collaboration, and deep knowledge of Indian compensation practices and employment acts. MBA in HR preferred.

Qualifications

• Minimum 6 years of experience in Compensation & Benefits.
• Cross-functional knowledge and relevant experience.
• Deep knowledge of India C&B, employment acts, and industry programs.
• Proficient in data analytics and MS Excel.

Responsibilities

• Compensation Benchmarking: ensure external competitiveness of internal salary ranges.
• Conduct surveys to compare compensation and benefits plans.
• Develop compensation and benefits policy.
• Manage the Employee Stock Option plan.
• Annual planning, forecasting, and budgeting for direct costs (salary and benefits, annual increments, incentives, rewards).
• Annual Salary review and administration of compensation review process; off-cycle adjustments.
• Monitor compensation trends and provide analytics to support operational efficiency.
• Provide ongoing support to line managers and HR on operations related to compensation.
• Keep abreast with new trends and best practices in C&B.
• Support in Annual Reports, AGMs and statutory requirements.

Skills

6+ years C&B

Cross-functional knowledge

India C&B acts

Data Analytics

Education

MBA in HR

Tools

MS Excel

Job description

About Us

Paytm is India's leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce. Paytms mission is to serve half a billion Indians and bring them to the mainstream economy with the help of technology.

About the Team

Because you get an opportunity to make a difference, and have a great time doingthat. You are challenged and encouraged here to do stuff that is meaningful for you and for those weserve. We are successful, and our successes are rooted in our people's collective energy andunwavering focus on the employees, and that's how it will always be change management in HumanResources

About the role

This role will be responsible for supporting the implementation of a broad range ofreward practices and compliance policies for the organization. This role is a key subject matter expert ofthe Compensation and Benefits functions locally; the role provides local insights, consultation, and adviceto Human Resources Business Partners and senior business leaders as required. key responsibilities inorder of importance and specify the approximate amount of time, e.g. in % related to the typical businesscycle).

Expectations/ Requirements

• 1. Compensation Benchmarking: Ensure external competitiveness of internal salary ranges bybenchmarking against comparators.
• 2. Conducts and analyses survey results to assist in comparing compensation and benefits plans.
• 3. Participates in the development of compensation and benefits policy.
• 4. Managing the Employee Stock Option plan.
• 5. Annual planning, forecasting, and budgeting exercises for all direct costs for employees (salary andbenefits, annual increments, incentives, rewards, and awards programs).
• 6. Annual Salary review exercise and administration of compensation review process cycle; off-cycle payadjustments.
• 7. Monitors compensation trends within the organization and provides analytics to support operationalefficiency.
• 8. Provide ongoing support to line managers and HR on operations matters related to compensation
• 9. Compensation Programs: Keep abreast with the new trends and best practices in the C&B field.
• 10. Provide support in Annual Reports, AGMs and other statutory requirements

Superpowers/ Skills that will help you succeed in this role

• 1. Specialist with a minimum of 6 years of experience in Compensation & Benefits.
• 2. Specialized or cross-functional knowledge / relevant experience required by the position/role.
• 3. In-depth knowledge of concepts & principal of India compensation & benefits, employment acts,and other companies' compensation & benefits programs.
• 4. Data Analytics, Well-versed with MS Excel.

Education

Must be an MBA in Human Resource or any equivalent degree.